Company Valuation: IRPC

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 78,377 61,640 41,229 25,105 20,206 58,374 - -
Change - -21.35% -33.11% -39.11% -19.51% 188.89% - -
Enterprise Value (EV) 1 1,28,474 1,30,299 1,06,315 87,187 61,247 93,939 88,026 81,390
Change - 1.42% -18.41% -17.99% -29.75% 53.38% -6.29% -7.54%
P/E 5.41x -14.4x -14.4x -4.92x -5.82x 5.07x 17.6x 16.8x
PBR 0.9x 0.77x 0.54x 0.36x 0.31x 0.76x 0.75x 0.73x
PEG - 0x 0.4x -0.1x 0.2x -0x -0.2x 3.26x
Capitalization / Revenue 0.31x 0.19x 0.13x 0.08x 0.07x 0.18x 0.2x 0.21x
EV / Revenue 0.5x 0.4x 0.33x 0.28x 0.22x 0.29x 0.31x 0.29x
EV / EBITDA 4.45x 12.1x 19.6x 31.4x 9.87x 3.59x 6.28x 6.12x
EV / EBIT 7x 48.8x -32.9x -13.7x -19x 5.95x 18.8x 17.5x
EV / FCF 15.3x -10.4x 15.7x 14.5x 2.7x 4.03x 8.06x 9.13x
FCF Yield 6.55% -9.62% 6.36% 6.89% 37% 24.8% 12.4% 11%
Dividend per Share 2 0.22 0.07 0.03 0.03 0.01 0.0433 0.0315 0.0313
Rate of return 5.73% 2.32% 1.49% 2.44% 1.01% 1.52% 1.1% 1.1%
EPS 2 0.71 -0.21 -0.14 -0.25 -0.17 0.5641 0.1621 0.1704
Distribution rate 31% -33.3% -21.4% -12% -5.88% 7.68% 19.4% 18.4%
Net sales 1 2,55,115 3,24,800 3,19,047 3,14,833 2,79,572 3,18,663 2,87,308 2,83,084
EBITDA 1 28,877 10,727 5,437 2,773 6,204 26,151 14,024 13,294
EBIT 1 18,348 2,668 -3,229 -6,366 -3,221 15,782 4,677 4,648
Net income 1 14,505 -4,364 -2,923 -5,193 -3,571 11,575 3,231 3,204
Net Debt 1 50,097 68,659 65,086 62,082 41,041 35,565 29,652 23,015
Reference price 2 3.840 3.020 2.020 1.230 0.990 2.860 2.860 2.860
Nbr of stocks (in thousands) 2,04,10,591 2,04,10,591 2,04,10,591 2,04,10,591 2,04,10,591 2,04,10,591 - -
Announcement Date 08/02/22 07/02/23 13/02/24 10/02/25 17/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
5.21x0.3x3.65x1.47% 180.38Cr
6.2x0.63x3.53x5.36% 4.67TCr
5.71x0.56x4.02x1.88% 1.94TCr
11.08x0.52x5.36x12.8% 1.64TCr
17.6x0.35x8.59x2.46% 1.26TCr
4.67x0.53x3.21x6.13% 842.8Cr
4.28x0.47x3.95x6.03% 619.81Cr
322.12x0.7x7.89x0.75% 534.32Cr
-24.53x1.4x10.18x-.--% 510.86Cr
Average 39.15x 0.61x 5.60x 4.1% 1.36TCr
Weighted average by Cap. 20.29x 0.59x 4.85x 5.11%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

-40%: Exceptional extension
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